American Century Companies Inc. Has $15.31 Million Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

American Century Companies Inc. grew its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,069,640 shares of the Wireless communications provider's stock after acquiring an additional 58,934 shares during the quarter. American Century Companies Inc.'s holdings in América Móvil were worth $15,307,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its stake in América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock valued at $28,065,000 after purchasing an additional 1,050,203 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of América Móvil in the 4th quarter valued at $14,238,000. Boston Partners bought a new stake in shares of América Móvil in the 4th quarter valued at $2,211,000. Barclays PLC raised its stake in América Móvil by 36,692.9% during the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider's stock worth $2,456,000 after buying an additional 149,707 shares during the period. Finally, Raymond James Financial Inc. bought a new position in América Móvil during the fourth quarter worth about $1,386,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Stock Performance

Shares of AMX stock traded up $0.58 on Thursday, reaching $15.04. The stock had a trading volume of 3,229,132 shares, compared to its average volume of 1,643,980. América Móvil, S.A.B. de C.V. has a 12 month low of $13.63 and a 12 month high of $20.31. The firm has a market capitalization of $45.86 billion, a price-to-earnings ratio of 30.68, a P/E/G ratio of 0.77 and a beta of 0.79. The firm's 50-day moving average is $14.44 and its two-hundred day moving average is $15.01. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

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América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. On average, research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMX. The Goldman Sachs Group lowered their price target on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a report on Wednesday, February 19th. StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. Scotiabank dropped their target price on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $17.15.

About América Móvil

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.